House Prices Cool and HIPs Heat Up
House Price Index - February 2006ODPM Press Release
10 April 2006
The mix-adjusted average house price in the UK in February 2006
stood at 183,224 GBP, down from 185,404 GBP in January 2006 (not
seasonally adjusted). UK annual house price inflation in February
2006 was 3.6 per cent, down from 4.3 per cent in January 2006.
Annual house price inflation in London was 1.9 per cent in
February 2006, down from 5.3 per cent in January 2006.
Home Information Pack Activity Accelerates
ODPM Press Release
7 April 2006
"The dry run has already begun with 45 organisations in England
and Wales already providing more than 2500 packs on a voluntary
basis. The Association of Home Information Pack Providers will be
rolling out voluntary HIPs in the regions during 2006 and 2007."
Please would anyone who has any feedback about dry run cases let
me know how they got on?
New Home Information Packs Website
ODPM Website
7 April 2006
Costs [What is this information based on?]:
"Under Home Information Packs, average costs overall for the
seller will increase from 285 to 635 GBP, as the responsibility
for searches and survey transfers to the seller, and there is a
small additional cost in legal fees (25 GBP)(sic)for checking the
pack. The average cost for the buyer decreases from 600 to 175
GBP. Most sellers are also buyers, so extra costs incurred as a
seller are offset by cost reductions as a buyer. The total cost
for seller and buyer in the case where a mid-range survey is
carried out is estimated to decrease from 885 to 810 GBP."